Can I retire at age 57 with 710,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$58,631$58,109$57,599$57,102$56,616$55,633
2 years$29,025$28,485$27,961$27,453$26,960$25,972
3 years$19,158$18,615$18,093$17,589$17,105$16,143
4 years$14,225$13,684$13,167$12,672$12,199$11,272
5 years$11,266$10,728$10,218$9,733$9,274$8,383
6 years$9,295$8,761$8,258$7,784$7,338$6,485
7 years$7,887$7,357$6,862$6,400$5,968$5,153
8 years$6,831$6,306$5,820$5,368$4,951$4,173
9 years$6,011$5,491$5,012$4,573$4,169$3,429
10 years$5,355$4,840$4,370$3,942$3,552$2,849
11 years$4,818$4,309$3,847$3,430$3,055$2,388
12 years$4,372$3,867$3,414$3,009$2,648$2,015
13 years$3,994$3,495$3,050$2,656$2,309$1,710
14 years$3,670$3,177$2,741$2,358$2,024$1,458
15 years$3,390$2,902$2,475$2,103$1,782$1,248
16 years$3,146$2,663$2,244$1,883$1,575$1,072
17 years$2,930$2,452$2,042$1,692$1,396$923
18 years$2,738$2,266$1,864$1,525$1,242$797
19 years$2,567$2,100$1,706$1,378$1,107$689
20 years$2,413$1,951$1,566$1,248$989$597
21 years$2,274$1,818$1,440$1,132$885$518
22 years$2,148$1,697$1,327$1,030$793$450
23 years$2,033$1,587$1,226$938$712$391
24 years$1,927$1,487$1,133$855$640$340
25 years$1,830$1,395$1,050$781$576$296
26 years$1,741$1,311$974$714$519$258
27 years$1,659$1,234$904$654$468$225
28 years$1,582$1,163$841$599$422$197
29 years$1,511$1,097$782$549$381$172
30 years$1,445$1,036$729$504$344$150
31 years$1,383$979$679$463$311$131
32 years$1,326$927$634$425$281$114
33 years$1,272$878$592$391$255$100
34 years$1,221$832$553$360$231$87
35 years$1,173$789$517$331$209$76
36 years$1,128$749$484$305$189$67
37 years$1,085$711$453$281$172$59
38 years$1,045$676$424$259$156$51
39 years$1,007$643$397$239$141$45
40 years$971$612$372$220$128$39
41 years$936$582$349$203$116$34
42 years$904$554$327$188$105$30
43 years$873$528$307$173$96$26
44 years$844$503$288$160$87$23
45 years$816$480$271$148$79$20
46 years$789$458$254$136$72$18
47 years$763$437$239$126$65$15
48 years$739$417$225$117$59$14
49 years$716$398$211$108$54$12
50 years$693$381$198$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $710,000, adding $2,215 every year, while hoping to spend $22,397 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/40/5 Blend
56$710,000$710,000$710,000$710,000
57$784,705$747,075$736,070$826,942
58$840,914$759,851$736,898$868,435
59$902,107$772,503$737,003$910,896
60$968,767$785,000$736,337$956,568
61$1,041,427$797,312$734,851$1,005,758
62$1,120,675$809,402$732,491$1,058,805
63$1,207,156$821,235$729,202$1,116,082
64$1,301,582$832,772$724,926$1,178,001
65$1,404,735$843,969$719,603$1,245,016
66$1,517,477$854,783$713,168$1,317,626
67$1,640,757$865,164$705,556$1,396,383
68$1,775,618$875,062$696,697$1,481,895
69$1,923,213$884,421$686,518$1,574,832
70$2,084,806$893,183$674,941$1,675,933
71$2,261,792$901,285$661,888$1,786,014
72$2,455,707$908,661$647,274$1,905,973
73$2,668,243$915,239$631,012$2,036,800
74$2,901,263$920,945$613,009$2,179,590
75$3,156,817$925,697$593,171$2,335,545
76$3,437,167$929,410$571,396$2,505,996
77$3,744,800$931,993$547,580$2,692,407
78$4,082,458$933,349$521,612$2,896,394
79$4,453,162$933,376$493,379$3,119,738
80$4,860,238$931,965$462,761$3,364,404
81$5,307,350$929,000$429,631$3,632,557
82$5,798,536$924,357$393,860$3,926,587
83$6,338,243$917,906$355,311$4,249,127
84$6,931,370$909,510$313,840$4,603,081
85$7,583,314$899,021$269,298$4,991,652
86$8,300,023$886,284$221,531$5,418,370
87$9,088,047$871,133$170,374$5,887,129
88$9,954,604$853,395$115,658$6,402,222
89$10,907,647$832,885$57,206$6,968,382
90$11,955,937$809,406$0$7,590,828
91$13,109,128$782,752$0$8,275,589
92$14,377,855$752,703$0$9,032,010
93$15,773,837$719,026$0$9,864,039
94$17,309,987$681,477$0$10,779,401
95$19,000,532$639,795$0$11,786,610
96$20,861,147$593,707$0$12,895,051
97$22,909,106$542,920$0$14,115,071
98$25,163,440$487,129$0$15,458,078
99$27,645,121$426,008$0$16,936,645
100$30,377,256$359,216$0$18,564,635